Market View 28th Feb, 2025

View on market: Volatility Prevails, Market is searching for better value

Stock markets in the Asia-Pacific region fell after a sharp selloff in the U.S., driven by disappointing Nvidia earnings, mixed economic data, and details on U.S. tariffs. Major indices in South Korea, Australia, Japan, China, and Hong Kong declined. In the U.S., the S&P 500 and Nasdaq 100 dropped sharply, with major tech stocks facing their worst decline since December, while the Dow Jones also ended lower. Investors are now focused on key economic reports, including U.S. inflation data and indicators from Japan, such as consumer prices, industrial production, and retail sales. Indian markets remained stable, with the Nifty 50 and Sensex closing flat. While real estate and media stocks declined, financial and metal stocks performed well. Earlier in the week, markets closed on a mixed note after five consecutive sessions of losses. Global markets remain under pressure as economic uncertainties and weak investor sentiment continue to impact trading.

Key Today’s Q3 Results

ANSALAPI, FOSECOIND, IGIL, RANASUG.

Economic Calendar:

• USD: Core PCE Price Index 28^th February 2025.
• IND: GDP Quarterly on 28^th February 2025.
• USD: S&P Global Manufacturing PMI (Feb) on 3^rd March 2025.
• IND: Federal Fiscal Deficit (Jan) on 28^th February 2025.

Brokerage Radar:

MORGAN STANLEY ON TITAGARH RAIL SYSTEMS:

Maintain Overweight, target price at ₹1,090 (from 1300), Freight-Inadequate wheels sets from Indian Railways constrain Q3 offtake, Passenger-execution in Vande Bharat delayed by 9 months by a change in car design plan, Near term execution challenges affect revenue trajectory, Passenger segment has won no orders since October 2023.

JEFFERIES ON SRF (MANAGEMENT MEET):

Maintain Underperform, target price ₹2060, Expects YoY improvement in specialty chemicals in FY26, New agrochem and pharma products move to commercialization, Domestic ref gas prices should remain firm on strong demand, Exports prices come down as contracts are renegotiated for ref gases.

JEFFERIES ON JUBILANT FOODWORKS:

Maintain Buy, target price ₹1,000, Set to host its maiden analyst meet on Feb 27, Industry trends and outlook in QSR industry, Issues ailing dining business and steps to revive it, Risk and opportunities on food platform aggregators like Zomtato, Swiggy, Pizza competition especially on offerings and prices, Further clarity on M&A and Insights on journey of Popeyes..

International Markets:

U.S & Europe:

*As per 28^thFebruary.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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